Which of the following barriers to entry is based on effective advertising,customer service or unique features?

Question

Quizplus · Accepted Answer

Effective advertising, customer service, or unique features are all examples of product differentiation, which is a barrier to entry that is based on making a product or service unique or distinct from competitors. By offering something different, a company can establish a loyal customer base that is less likely to switch to a new competitor, thus making it harder for new firms to enter the market.

Which of the Following Barriers to Entry Is Based on Effective